2517 21st Avenue lot S Gulfport, MS 39501
COMMERCIAL - Gulfport, MS
Property Features for 2517 21st Avenue lot S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0811c-01-007.002
- Size
- 2,300 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S 20 FT OF LOT 5 & ALL OF LOT 6 & N 5 FT OF LOT 7 BLK 28 ORIGINAL GULFPORT SEC 4-8-11
- Tax Annual Amount
- 1526
Building Details
- Year built
- 1948
Listing agent Holly J Gibbs License #B22047 (228) 697-3714
Listing office Crescent Sotheby's International 8933 Lorraine Rd Holly Gibbs, Gulfport, MS (985) 345-6802
Listing date May 18, 2025
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in Gulfport, MS and is described as being in the heart of downtown Gulfport. It is situated for convenient access to major roads and public transportation, and the surrounding area includes amenities such as dining and entertainment.
Zoned T6 (Mixed-Use), the property supports redevelopment options that can accommodate a mix of uses consistent with the listed zoning designation. Buyers should confirm permissible uses with local zoning authorities as part of their due diligence.
Key Highlights
- Vacant building at 2517 21st Ave, Gulfport, MS 39501, built in 1948
- Zoned T6 (mixed‑use), allowing a mix of residential, commercial, and hospitality uses (per listing)
- Previously used as a care home; existing layout may be adapted for office space, residential, or other uses
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.4k | $11.04 |
| − Vacancy | −$2.0k | −$0.87 |
| EGI | $23.4k | $10.17 |
| − OpEx | −$10.5k | −$4.58 |
| NOI | $12.9k | $5.59 |
